Multiple Stop Losses? Guranteed S/L+ Normal S/L-Advice Needed
{quote} I'm not saying there is shortcomings, just be realistic about the ethics of the broker. I no idea how you trade so some things don't matter but if broker says for example that your order is going straight through to be hit interbank, you have to question the validity of that claim in light of the fact they guaranteeing your stop, as I said before no liquidity provider is going to guarantee your stop, so the broker must be your direct match. IE you are participating in their own pseudo market and never getting to market. Someone using broker...
{quote} It all depends how you trade and how much you risk per trade or basket of trades. Really, you don't need much more in your account than to cover that. Negative balance is simply scaremongering, preying on the gullible. Negative balance protection that some brokers offer is just marketing, no more. I tell you why. Firstly, leverage is a credit facility, an unsecured loan. The word you are looking at is unsecured. They can't touch your assets. Secondly, I am a UK citizen and anyone wanting to sue me would have to do so through a UK Court of...
{quote} hi aaven, thats possible - and without ea, multiple accounts, maximum leverage or any other nonsense: 1. open one account with a (fsa or bafin, not cysec regulated) broker which offers guaranteed sl. 2. place a guaranteed sl for worst case scenario lets say 100 points or pips away. 3. place a pending order in addition 20 points away as a normal sl (when you are long on your main order, pending order short and vice versa). hope that helps. feel free to write me a pm. will not discuss on a thread where a bad lot from the rat hole is posting....
Take the advice from someone who acts like a small child instead of a man at your peril. You will add to your costs for guaranteed stop, dependent on style that may be too prohibitive and remember you are paying those costs in addition to normal. Using a pending buy/sell stop/limit to open further trade will only add to your woes. Remember this will be happening during an extreme event do you want another trade to be concerned with? Many times price spikes one way then the other. SNB day 15th Jan 2015 saw USD/CHF drop 2800 pips and rally 1700 pips...
{quote} -It is very smart to consider this risk and find ways to protect yourself. -Black swan is way more than 100 pips.!!!! -"Guaranteed stops", the fine printing of the brokers legal agreements need to be studied carefully maybe with a lawyer. -Question yourself: what happens to your account if you get hit by a 1000 pip slippage on any open trade??!. -In my case, less than half would be gone...bad enough but not a killer. -The thread you mentioned before has very good advices.(brokers pursuing traders for negative balance) -One way of avoiding...
...I am grateful for that.{quote} Thanks Deltaone for your take on this subject...
